secwatch.observer — SEC 8-K summary
======================================

Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001023731-22-000206
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

8x8 Q2 FY2023: Revenue $187.4M (+24% YoY); Non-GAAP op profit $9.1M; raises FY outlook
--------------------------------------------------------------------------------

- Total revenue $187.4M (+24% YoY), service revenue $178.6M (+25%); enterprise ARR $401M (+42%).
- GAAP operating loss narrowed to $25.0M from $37.2M; non-GAAP op profit $9.1M, up 368% YoY.
- Cash from operations $13.8M (+171% YoY); cash & investments $132.3M at quarter-end.
- Retired ~$404M of 2024 notes via exchange for $202M new 2028 notes + $182M cash from $250M term loan; repurchased 10.7M shares for ~$60M.
- Raised non-GAAP operating margin guidance for FY2023; targets double-digit margins in FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373122000206/0001023731-22-000206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373122000206/q2fy23earningsrelease8-k.htm
  HTML page:      https://secwatch.observer/filing/0001023731-22-000206

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer